Global internet registrar and web hosting company, GoDaddy, has announced the launch of its new Business Email Service for small businesses in India. According to the company the service will be made available to the SMEs in India for Rs 39 per month ($0.60 approx.) and will include all the featu…
National Flag, temple offerings and Gandhi caps will need e-waybills under GST
The National Flag, temple prasadam, khadi fabric, and Gandhi caps may be exempt from Goods and Services Tax, but for their transportation, the Centre is considering mandating the generation of e-waybills once that system is operationalised. Transporting currency, LPG, and kerosene oil, however, w…
New tax regime to create need for 1.3 m professionals; India Inc rush to get GST math right
GST has infused optimism in the job market. As the goods and services tax rollout date nears, companies across sectors are rushing to get their GST teams in place, leading to a jump in demand for tax and technology professionals. The demand is being led by the FMCG sector, followed by consumer go…
‘MSMEs all set to embrace GST challenges’
The CII MSME Summit titled, ‘Breaking Barriers to Excellence: Unlocking Hidden Potential,’ echoed the preparedness of MSMEs to adopt the GST regime. Alongside, the MSMEs seek support from the government for training and awareness programmes on how to implement it, which is critical fo…
Full fledged university for MSME sector in the offing
The Micro, Small and Medium Enterprise (MSME) sector will soon have its own university, which will run all professional courses on the lines of Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs). The MSME Ministry has recently proposed this idea and wants to establi…
TIIC conducts loan mela for MSMEs
Tamil Nadu Industrial Investment Corporation (TIIC) is aiming to disburse loans to the tune of Rs 1,800 crore for entrepreneurs, micro, small and medium enterprises across the State, said a top official here on Monday. T. Kirubakaran, General Manager, TIIC (Projects), said that the State-run fina…
With 9 days to GST rollout, Anti-Profiteering rules still a major concern for Telangana MSMEs
With less than 10 days left for the Goods and Services (GST) regime to come into effect, apprehensions about anti-profiteering and penalties have been worrying Micro, Small and Medium Enterprises (MSMEs) in the state. So far, 85 per cent of traders across the state have registered themselves unde…
Mamata Banerjee appeals Dutch investors to invest in Bengal
West Bengal Chief Minister Mamata Banerjee on June 21, appealed to Dutch investors along with Italian and German industrialists to invest in the state. “Come to Bengal and ride the growth because the state has the sustainable development in every angle. The state has improved a lot after the 34 y…
MaxWholesale raises $1 m from Indian Angel Network & Maple Capital Advisors
MaxWholesale, a mobile-based B2B grocery supply chain, has raised $1 million in Pre-Series A round of funding led by Indian Angel Network (IAN) and Maple Capital Advisors. IAN investors include Ambarish Raghuvanshi, Raman Roy, Sunil Munjal, amongst others. Bikky Khosla of Tradeindia, Pankaj Karna…
The flip side of GST: Its impact on the informal economy
The markets are gung-ho about the shift to the goods and services tax (GST). One factor driving this optimism is the anticipated shift of business from small, unorganized firms in some sectors to organized ones. Since the latter are already in the formal economy, comply with regulations, are gene…